IIFT Daily Note with Peter Brown

Foot on the ball?

Posted by:  |  Time: 8:23 am  |  Topic:
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Is this a rest day or will the US just sell it. Yesterday’s movements were large and the market failed to bounce atall.

We have a small correction as I write but it will only be an opportunity to sell. Targets for S&P are 1100  Euro through 1.4000

and Gold 2000. Not sure of the time frame, would like to see a small rally today to reset shorts. If you buy this market make sure you use tight stops. We are not far away from the first bank collapse.

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